The March rebalance is announced in early march, so the 6 month period for market cap calculations will be Sept-Feb.
Back in Sept, share price was Around $1.50 contributing a much lower market cap than where we are now.
The founders share holdings will be excluded, thus reducing the market cap used in the calculations by around 20%.
Last rebalalance, the smallest company added to the ASX200 had a market cap over $ 850 mil.
Thus we would need an average market cap at least $ 1 bil over the 6 months to be included.
We are almost half way through the period and still well short of $1 bil. We would need to get to around $2 bil by Feb to have a good chance.
That translates to a share price well above $10 by Feb.
Better chance to have market cap above $1 bil from March onwards, getting us into the ASX200 in Sept.
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The March rebalance is announced in early march, so the 6 month...
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